Ticker > IPO > New Listed IPO > Bajaj Housing Finance Ltd.

Bajaj Housing Finance Ltd. IPO

Bajaj Housing Finance Limited is a rapidly growing housing finance company in India. Established in 2015, they offer a variety of mortgage products including home loans, loans against property, and developer financing. They focus on low-risk salaried borrowers and have a strong track record of profitability. Bajaj Housing Finance boasts the highest credit ratings in India for borrowing and the lowest delinquency rates among large housing finance companies. They are part of the Bajaj Group, a diversified conglomerate founded in 1926.

RHP
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DRHP
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Open Date

2024-09-09

Close Date

2024-09-11

IPO Details

Check out the issue details for Bajaj Housing Finance Ltd. IPO as disclosed in SEBI.

IPO Price

₹ 70

Price Band

₹ 66 - 70

Issue Size

6560 Cr.

Issue Type

Book Built

Open

2024-09-09

Close

2024-09-11

Listingprice

₹ 150

ListingGain

114.29%

Listing Date

2024-09-16

CMP

₹ 157.89

Current Return

125.56%

News

Bajaj Housing Finance informs about disclosure16 Sep, 5:51PM Bajaj Housing Finance coming with IPO to raise Rs 6957.58 crore5 Sep, 4:36PM Bajaj Housing Finance informs about record date2 Nov, 10:42AM Bajaj Housing Finance informs about redemption of CP17 Aug, 3:26PM

Company Financials

You can get the following financial statements of Bajaj Housing Finance Ltd. as of now.

Exchange

NSE: BAJAJHFL BSE: 544252

  Profit Loss
  Balance Sheet
  Quarterly
  Shareholding
  Cash Flow

Subscription Details

The details about the Bajaj Housing Finance IPO is as:

  • The issue size of the Bajaj Housing Finance IPO is 6560 Cr.
  • The price band for Bajaj Housing Finance IPO is Rs 66 to Rs 70.
  • The shares of Bajaj Housing Finance IPO will list on 16th September 2024.
  • The latest tentative GMP of Bajaj Housing Finance IPO is Rs 65.
  • The shares of Bajaj Housing Finance IPO is subscribed 67.38 Times as of 11th September 2024.

 

Bajaj Housing Finance IPO Valuation

The approx valuation of Bajaj Housing Finance IPO based on its price band and DRHP (prospectus) is:

Particulars Value
Upper Price Band Rs 70
Existing Shares (Qty) 781.95 Cr
Fresh Issue 3560 Cr
Market Cap 58,296.5 Cr
EPS (FY24) Rs 2.6
PE Ratio 26.92
Industry PE 20x

 

Bajaj Housing Finance IPO Issue Size

Bajaj Housing Finance IPO issue size is 6560 Cr. 

Issue Amount
Fresh Issue 3560 Cr
Offer For Sale 3000 Cr

 

Bajaj Housing Finance IPO Market Lot

An Individual can apply for a minimum 1 lot of 214 shares and a maximum of 13 lots of 2782 shares. Find the details below:

Application Lot Shares Amount
 Minimum  1 214 Rs 14,980
 Maximum 13 2782 Rs 1,94,740

 

Bajaj Housing Finance IPO Share Offer

The shares of Bajaj Housing Finance Limited IPO is subscribed 67.38 Times as of 11th September 2024. The category-wise shares subscribed are as follows: 

Category % Offered Subscription
Qualified Institutional Maximum 50% 222.05 Times
Non-Institutional Minimum 15% 43.93 Times
Retail Individual Minimum 35% 7.33 Times
Employee 2,85,71,428 Shares 2.09 Times
Others 7,14,28,571 Shares 18.47 Times
Total   67.38 Times

 

Bajaj Housing Finance IPO GMP (Grey Market Premium)

As on GMP (Tentative)
8 September 2024 Rs 45
9 September 2024 Rs 55
10 September 2024 Rs 60
11 September 2024 Rs 65

Bajaj Housing Finance IPO GMP is purely for informational purposes and invest in an IPO after thoroughly researching on your own.

 

Allotment Details

Find below the dates for Bajaj Housing Finance IPO:

Schedule Date
Basis of Allotment 12 September 2024
Refunds 13 September 2024
Credit to Demat Account 13 September 2024
IPO Listing Date 16 September 2024

Check allotment status

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Net Sales 2646.02 3160.29 3766.71 5664.73 7617.31
Total Expenditure 438.09 558.41 624.27 718.68 722.08
Operating Profit 2207.93 2601.88 3142.44 4946.05 6895.23
Other Income 0.21 0.58 0.42 0.71 0.4
Interest 1617.55 1967.51 2157.24 3213.3 4694.71
Depreciation 23.14 21.77 25.76 33.4 39.6
Exceptional Items 0 0 0 0 0
Profit Before Tax 567.45 613.18 959.86 1700.06 2161.32
Provision for Tax 146.12 159.99 250.24 442.26 430.1
Net Profit 421.33 454.14 709.62 1257.8 1731.22
Adjusted EPS (Rs.) 0.09 0.09 0.15 0.19 0.26

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity and Liabilities
Share Capital 4883.33 4883.33 4883.33 6712.16 6712.16
Total Reserves 701.8 1148.89 1858.03 3791.03 5521.34
Borrowings 6372.71 8470.67 37495.09 53162.42 65559.64
Other N/C liabilities 36.91 -6.63 308.47 217.45 793.11
Current liabilities 19377.67 23346.86 4571.64 1770.74 4677.83
Total Liabilities 31372.42 37843.12 49116.56 65653.8 83264.08
Assets
Net Block 85.78 78.89 97.2 112.99 122.86
Capital WIP 0 0 0 0 0
Intangible WIP 0 0 1.46 0.31 0.87
Investments 0 0 1248.27 2000.91 1938.57
Loans & Advances 20.36 10.61 46821.43 62312.54 80176.05
Other N/C Assets 0.92 0 0 0 0
Current Assets 31265.36 37753.62 948.2 1227.05 1025.73
Total Assets 31372.42 37843.12 49116.56 65653.8 83264.08
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Profit from operations 567.45 613.18 959.86 1700.06 2161.32
Adjustment 320.07 417.04 -260.09 -128.13 -99.37
Changes in Assets & Liabilities -11003.6 -5925.95 -12937.95 -15505.12 -16963.7
Tax Paid -128.13 -180.04 -242.35 -398.58 -526.36
Operating Cash Flow -10244.21 -5075.77 -12480.53 -14331.77 -15428.11
Investing Cash Flow -693.56 -797.04 2197.32 -611.44 273.31
Financing Cash Flow 11489.51 5675.87 10228.46 14630.06 15124.78
Net Cash Flow 551.74 -196.94 -54.75 -313.15 -30.02
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